Quote from: Marvell1 on Today at 08:09:17 AM

Quote from: BenCodie on May 14, 2025, 01:53:53 PM

I agree. Every year there is a new reason for them. I think the funniest thing is that despite hearing so much about them, it's just ongoing "pilots" and media releases saying they will implement them, and yet 5 years+ later there's still no significant integration that has reached the masses afaik.

Because the current financial system is still working quite well and meeting the needs, they do not need to rush to deploy CBDC. Or the US, they don't even intend to create a CBDC because they feel it's unnecessary.

But besides that, many countries are very serious about issuing CBDC and China is the most prominent country. e-CNY is still in the testing phase and has not been officially rolled out nationwide, but has processed billions of transactions from 2019 to 2023. This shows that they want everything to be perfect and complete before putting it into mass use.

https://www.weforum.org/stories/2023/10/what-are-central-bank-digital-currencies-advantages-risks/

That's right, the US are fine with stablecoins, they essentially serve the same purpose and USDC for example are controlled by US corporations. XRP also have banking relations.

It does make sense to wait until it's perfect before rolling out, though what doesn't make sense to me is why so many CBDCs exist. I could only imagine that it is due to so many different programs to waste money on research and development.